Back when I was in high school, oh soooo many years ago, a top-10 rap song by Ice Cube was popular. The title of the song was “Today was a good day”. What made the song so popular was the melody and the opening verse: Just waking up in the morning gotta thank God, I…
We were expecting a rather large move for the S&P 500 (SPX) last week and we sort of got it, but not to the degree or how it was expected to occur. The weekly expected move for the week was $71 and there were several large moves intra-week, but on the whole, the S&P 500…...
It’s not quite Monday Night Football, but Fed Chairman Jerome Powell’s press conference will prove to be “must see T.V.” shortly after the FOMC delivers a .25 bps rate hike today at 2:00 p.m. Easter Standard Time. The rate hike is not in question, but rather how the FOMC has parsed out its mandates on…
The tech sector was hit, once again, quite hard in the early going hours of trading on Wednesday, but the sector rallied hard in the afternoon hours. In total, the trading days proved rather benign with the major averages finishing mixed. The S&P 500 index edged up 1.03 points to 2,888.92, less than 0.1%, and the…
With bearish sentiment kicking off the first week of September trading turning to positive sentiment on Tuesday, U.S. equity futures are attempting to carry forward positive momentum on Wednesday. All three major averages finished higher on Tuesday with the tech-heavy Nasdaq proving to be the outperformer, gaining .61% or 48 points ahead of the heavily…
September being the worst month of the year historically for the S&P 500, declines are largely expected. For the coming week, the expected move for the S&P 500 is $42, much greater than the previous week’s move of just $30. As we mentioned in last week’s reporting, over the previous 22 weeks the expected move has…
The first week of September 2018 will likely leave much to be desired as it’s shaping up to be a rocky week for equities. The S&P 500 finished lower for a 3rd straight day on Thursday and is looking for a bit of a relief rally after rising to as much as 2,916 just a…
Despite the noise surrounding global trade and correlated tariffs last week, the S&P 500 finished higher by nearly 1 percent. Additionally, the S&P 500 YTD gain stands at roughly 7.6 percent after correcting nearly 12% in February. Heading into September, the S&P 500 is up 5 consecutive months and with two consecutive monthly >3% gains.…
August is typically a lesser performing month for the S&P 500, only to be outdone by September. September is historically the worst performing month of the year for the stock market. August is also, historically, the most volatile month of the year with September following suit to a lesser degree. For the aforementioned reasons, the…...
How long is this bull market and where did it begin? This or these questions have given investors a great deal to consider since the media is hyping the longevity of the current bull market. Most media and market analyst types are outlining that “the bull market in U.S. stocks will on Aug. 22 become…
